possible ending diagonal
#41
Posted 11 August 2015 - 01:34 PM
#42
Posted 12 August 2015 - 10:42 AM
Edited by dharma, 12 August 2015 - 10:46 AM.
#43
Posted 12 August 2015 - 11:22 AM
sentiment
HGNSI rose 13.3 points yesterday to -16.7%
MarketVane’s Bullish Consensus rose a point to 35% today
the DSI rose 3 points to 23%.
note these are still bear market readings
there is a huge speculative short position in gold
@ what price do they run for cover
bear markets end w/the bears pressing the short side
bull markets begin w/the shorts covering
we are close here
dharma
#44
Posted 13 August 2015 - 10:00 AM
#45
Posted 14 August 2015 - 10:37 AM
now this i thought was significant http://gracelandupda...015aug13td1.png
india has been the world s largest importer for quite some time. some of the gold imported into china finds its way to india via
the black market. india still has a 10% tax on imported gold. so there is room for smugglers
to get accepted for sdr the imf told china to be more transparent. china is listening
http://gracelandupda...5aug14gold1.png
they have begun to build up their gold reserves. inspite of all the bs on king world news. their official holdings are listed on their website
rajan has said recently that he would like to build the central banks gold reserves. the love trade of india/china is speaking
looking forward to todays cots. it could be revealing.
dharma
#46
Posted 14 August 2015 - 02:40 PM
http://news.goldseek.../1439580745.php
dharma
commercials taking the other side of the large specs
#47
Posted 14 August 2015 - 02:54 PM
cots
http://news.goldseek.../1439580745.php
dharma
commercials taking the other side of the large specs
It may be a monologue but you do have an audience.
#48
Posted 17 August 2015 - 10:20 AM
Edited by dharma, 17 August 2015 - 10:21 AM.
#49
Posted 17 August 2015 - 02:44 PM
WHY THE PM SECTOR IS NOW A CONTRARIAN'S DREAM...
johngeorge
#50
Posted 17 August 2015 - 02:49 PM
For folks that have not seen this very interesting chart from Clive Maund published August 9th, 2015.
WHY THE PM SECTOR IS NOW A CONTRARIAN'S DREAM...
si, everything necessary for a bear market bottom IMO is there is spades. still can't rule out one more modest new low until we rally higher, but I like what I see and a day like today is important as they could have sold if off to unchanged or lower but it appears we may instead close at/near session highs - possible character change in progress, want to see gold close above 1130 then 1162 for "initial confirmation"
Senor